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‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

2024-04-26 by admin Leave a Comment

In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”

2024-02-24 by admin Leave a Comment

Coinbase on Grayscale Ethereum ETF Application: "ETH Is a Commodity, Not a Security"

Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […]